Forex Pairs Support & Resistance

GBPUSD analsysis for November 30, 2022 – Potential for the upside continuation

Technical
analysis:

analytics63870a0ceac59.jpg

GBP/USD
has been trading sideways at the price of 1.1962. Anyway, I see
potential for the further upside continuation and test of upside
references.

Trading
recommendation:

Due
to the strong upside pressure in the background and
rejection of the key support at 1.1940, I see potential for the
further rise.

Watch
for the potential buying opportunities on the intraday dips with the
upside objectives
at the price of 1.2157
and 1.2320.

MACD
oscillator is showing oversold condition and bullish divergence, which is good sign for further
rally.

Key
support is set at the price of 1.1940

The material has been provided by InstaForex Company – www.instaforex.com